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QUESTION
Which of the following would be categorized as an implicit cost?
Which of the following would be categorized as an implicit cost?
a. not being able to spend your $10,000 savings if you sink the money in your business
b. the cost of purchasing supplies for your house-cleaning business
c. the cost of purchasing auto insurance for your dry-cleaning delivery business
a onlya and c onlyb and c onlyall of the above
